For the quarter ending 2026-03-31, KREF-PA had $50,006K increase in cash & cash equivalents over the period.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 |
|---|---|---|---|
| Net income (loss) | -57,159 | -26,939 | -23,550 |
| Accretion of deferred loan fees and discounts | 4,139 | 4,816 | 12,104 |
| Payment-in-kind interest | 0 | 322 | 1,181 |
| Amortization of deferred debt issuance costs and discounts | 3,544 | 3,260 | 10,833 |
| Loss (income) from equity method investments | -495 | -373 | -3,097 |
| Change in net assets of consolidated variable interest entities, cmbs trusts | -153 | -53 | -96 |
| Provision for credit losses, net | 73,541 | 43,686 | 75,686 |
| Depreciation and amortization | 979 | 893 | 1,711 |
| Stock-based compensation expense | 1,808 | 1,485 | 6,442 |
| Loss (gain) on sale of investment | - | 0 | 1,192 |
| Loss (gain) on foreign currency translation | -5,377 | 1,190 | - |
| Loss (gain) on foreign currency forward contract | 6,853 | -1,265 | - |
| Assets related to real estate owned, held for sale, net of liabilities | -1,749 | 2,577 | -1,529 |
| Accrued interest receivable, net | 1,762 | -547 | -3,008 |
| Other assets | 4,782 | 1,033 | -1,209 |
| Accrued interest payable | 1,807 | 212 | -7,259 |
| Due to related parties | -997 | 414 | 174 |
| Accounts payable, accrued expenses and other liabilities | - | -3,325 | - |
| Other liabilities | 2,888 | - | 299 |
| Net cash provided by (used in) operating activities | 13,144 | 16,735 | 55,548 |
| Proceeds from principal repayments of commercial real estate loans | 489,651 | 307,610 | 1,112,490 |
| Originations and fundings of commercial real estate loans | 194,737 | 421,108 | 706,368 |
| Capital expenditures on real estate owned | 2,941 | 2,707 | 2,875 |
| Payment to acquire real estate owned | - | 0 | 10,651 |
| Net proceeds on sale of real estate owned, held for investment | - | 0 | -5,866 |
| Net proceeds (payment) on sale of real estate owned, held for sale | - | 48,790 | -24,395 |
| Contributions to equity method investment-Real Estate Asset | - | 18,767 | - |
| Contributions to equity method investment-Unconsolidated Enity | - | 14,573 | - |
| Purchases of commercial mortgage-backed securities | - | 9,021 | - |
| Payment to acquire equity method investment, real estate asset | - | 0 | 0 |
| Contributions to equity method investment, real estate asset | -13,381 | - | 14,072 |
| Payments for investments in cmbs securities | 17,779 | - | 9,021 |
| Net cash assumed from investment in real estate owned and related joint venture | - | 0 | - |
| Payment to acquire interest in consolidated cmbs trust | 15,010 | - | - |
| Net cash provided by (used in) investing activities | 249,472 | -135,473 | 399,764 |
| Proceeds from borrowings under secured financing agreements | 239,677 | 428,536 | 1,288,799 |
| Proceeds from issuance of secured term loan | 0 | 0 | 310,765 |
| Proceeds from noncontrolling interest contributions | 5,609 | 1,001 | 1,242 |
| Principal repayments on borrowings under secured financing agreements | 300,147 | 268,273 | 1,386,916 |
| Principal repayments on borrowings under collateralized loan obligations | 132,245 | 126,100 | 441,752 |
| Principal repayments on borrowings under secured term loan | 1,625 | 1,625 | 3,000 |
| Principal repayments on borrowings under convertible notes | - | 0 | - |
| Payments of debt and collateralized debt obligation issuance costs | 1,699 | 2,348 | 23,199 |
| Payments of common stock dividends | 16,092 | 16,307 | 50,553 |
| Payments of preferred stock dividends | 5,326 | 5,326 | 15,978 |
| Payments to reacquire common stock | 762 | 9,274 | 34,131 |
| Tax withholding on stock-based compensation | - | 1,344 | - |
| Net cash provided by (used in) financing activities | -212,610 | -1,060 | -354,723 |
| Net increase in cash, cash equivalents and restricted cash | 50,006 | -119,798 | 100,589 |
| Cash, cash equivalents and restricted cash at beginning of period | 87,338 | 207,136 | 106,547 |
| Cash, cash equivalents and restricted cash at end of period | 137,344 | 87,338 | 207,136 |
KKR Real Estate Finance Trust Inc. (KREF-PA)
KKR Real Estate Finance Trust Inc. (KREF-PA)